Blue Diamond Equities Inc
Energy Quest entered into a Licensing Agreement with Blue Diamond Equities Inc. The commercial agreement provides for Blue Diamond to represent EQI exclusively in the countries of Kenya, Uganda, Rwanda, Tanzania and Burundi (The East African Community) for marketing and sales of the M2 Fluid Bed Gasifier process and other gasification technologies. The East African Community (EAC) is the regional intergovernmental organization of the Republics of Kenya, Uganda, the United Republic of Tanzania, Republic of Rwanda and Republic of Burundi with its headquarters in Arusha, Tanzania. BDE will seek opportunities for EQI products throughout the licensed countries to provide electric power generation and heating/cooling energy to supply local consumers, businesses, utilities, and government and semi-government end users.
Blue Diamond representatives have already received several inquiries from Kenya. Other countries are expected to follow as BDE principals have established and maintained relationships in the EAC for over three decades.